Cash and Investments Held in Trust Account

12 Months Ended

Dec. 31, 2019

Cash And Investments Held In Trust Account [Abstract]

Cash and Investments Held in Trust Account

Note 7 — Cash and Investments Held in Trust Account

As of December 31, 2019 and 2018, investments in the Company's Trust Account consisted of $1,187,964 and $31,335 in United States Money Market funds and $117,857,363 and $114,848,797 in U.S. Treasury Securities, respectively. The Company classifies its United States Treasury and equivalent securities as held-to-maturity in accordance with FASB ASC 320 "Investments — Debt and Equity Securities." Held-to-maturity treasury securities are recorded at amortized cost on the accompanying balance sheets and adjusted for the amortization or accretion of premiums or discounts.

The gross holding gains and fair value of held-to-maturity securities at December 31, 2019 and 2018 are as follows:

	Amortized Cost		Gross Holding Gain		Fair Value
December 31, 2019
U.S. Money Market	$	1,187,964	$	—	$	1,187,964
U.S. Treasury Securities		117,857,363		41,157		117,898,520
	$	119,045,327	$	41,157	$	119,086,484
December 31, 2018
U.S. Money Market	$	31,335	$	—	$	31,335
U.S. Treasury Securities		114,848,797		444,119		115,292,916
	$	114,880,132	$	444,119	$	115,324,251